MBLY - Building flag on weekly
Updated
- Seemed like this name lagged the market last year, but now basing on weekly timeframe for nice run.
- EMA 5D is working good. Constructive volume in the supply.
- 44-47 is a chop zone. if it can build here, next upward move is likely to be violent.
- 20% short float can add fuel to the fire.
- Targets: 47, 49, 53 and 58
- Disclosure: I am long via commons at 39.
Trade closed: stop reached
Continues to be a frustrating name to trade. I got out today for a small gain. Will revisit when chart improves.
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